I am far from a bear and want Bitcoin to shoot up to $100/BTC but have seen time and time again that on long holiday weekends when people cannot get deposits into their Dwolla accounts until the following Monday, the price drops throughout the long weekend, further than an average weekend.

It dropped quite a but over 4th of July weekend, Labor Day weekend and even over Columbus Day weekend.

I voted $1.75 and that is my very bearish assessment, if the holiday drop history repeats itself.

But my more hopeful assessment, based on the last week and looking at MT Goxmarket depth , I see steady in-range trading in the $2.20 to 2.40 range over the holiday weekend. A much deserved stability, fingers crossed, knock on wood...

It dropped quite a but over 4th of July weekend, Labor Day weekend and even over Columbus Day weekend.

Those were 3 day weekends.

With Thanksgiving, it will be 4 days with no deposits.

Does this indicate that most Bitcoin buyers are in the States? Granted, we are talking about USD/BTC, but is it that all of the deposits/trades from other countries combined isn't enough to keep the price from falling when US buyers can't deposit/trade?

I guess I'm just shocked that anyone is still trying to deposit money into Bitcoin. Mine for coins? Sure. Speculate for more coins? Yup. Sell off coins for money to pay bills? That too. Put money into coins as an investment? You've got steel ones, bud.

I guess I'm just shocked that anyone is still trying to deposit money into Bitcoin. Mine for coins? Sure. Speculate for more coins? Yup. Sell off coins for money to pay bills? That too. Put money into coins as an investment? You've got steel ones, bud.

It's a fair bit cheaper to buy right now than mine. If instead you put what you would've spent on electric for the month towards buying, you'll end up with more BTC than that month worth of mining. Plus it helps the economy!

I guess I'm just shocked that anyone is still trying to deposit money into Bitcoin. Mine for coins? Sure. Speculate for more coins? Yup. Sell off coins for money to pay bills? That too. Put money into coins as an investment? You've got steel ones, bud.

It's a fair bit cheaper to buy right now than mine. If instead you put what you would've spent on electric for the month towards buying, you'll end up with more BTC than that month worth of mining. Plus it helps the economy!

Depends on your electricity cost, though. For instance, I get 750MHash/s from two GPUs (6950 and 5870, both slightly OC'ed) and draw 535W (Core i7 Bloomfield). That works out to around 0.57 BTC per day, for a price of $1.28 (at $2.25). I pay $0.08/kWh for power, so my power cost on that system is $1.03 per day, thus I get a profit of $0.25. Yeah, it's not a lot by any stretch, but at least it's not losing money. If my power bill was $0.10 per kWh I'd break even, and above that you're right: it's inefficient and a waste of money.